She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. She told me: Be generous during your lifetime, rather than creating an endowment, says Gund, who is matter-of-fact and humble, despite her outsize role supporting dozens of organizations, including the ACLU; the Barnes Foundation, where she is a trustee emerita; the Cleveland Museum of Art, on whose board she currently sits; the Museum of Modern Art, where she is president emerita and life trustee; and the Studio Museum in Harlem. You can use the tool below to search Inside Philanthropy's research guides for the individualson this list and other funders. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Weve been showing up at a significant enough scale to get peoples attention in the philanthropy world, and therefore to serve as an invitation to others. Gund, 81, used the fortune she inherited from her father, the president of an Ohio-based bank, to become a noted philanthropist in arts and social justice, according to The New York Times. These innovations come as charitable giving in the US is rising, with American individuals, bequests, corporations and foundations contributing $471.44 billion in 2020, up nearly 4 percent from 2019 when adjusted for inflation, according to statistics from the, Jennifer worked for Microsoft early in her career, as did David, and has long shared her largesse with organizations such as, The couple quickly hit upon a solution: targeting the money that was sitting at the readybut languishing in donor-advised funds, or DAFs, which hold an estimated $140 billion. Regan lives in San Francisco where her greatest joys are spending time with her family, cooking for friends, and hiking and swimming around the Bay. He attended Reed College, Lake Forest College and the London School of Film. Philanthropy can no longer afford to have our endowments and investments working at cross-purposes, undermining the campaigns, organizing tactics and strategies that our grant partners are fighting for, Agbo wrote in an introductory primer on Katalys approach. She is the wife of fellow signee Robert S. Bowditch. Bowditch has previously advocated for raising taxes on the wealthy: In 2010, he signed an open letter to President Obama asking him to allow tax cuts for millionaires to expire, according to a, Sean Zanni/Patrick McMullan via Getty Images. Steyer is well-known for his environmental giving, which encompasses both 501(c)(3) strategies as well as significant political funding. Its grants benefit organizations working to advance women, girls and LGBTQ people in the U.S. and abroad. I realized this was where Black people need to be to close the wealth gap, to leapfrog over historic inequities. Soros, 34, is the son of billionaire financier and philanthropist George Soros, who also signed the letter. 4 The extended Pritzker family is estimated to be worth over $32.5 billion. Recently, theyve dipped into progressive giving with a COVID response fund to benefit undocumented immigrants and some racial justice movement funding. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, according to Forbes. Libras expanding profile has much to do with Regan herself, who worked for years to shape the family philanthropys approach as a member of the foundations board. Hedge fund manager John Burbank founded the Passport Foundation, which shares a name with his San Francisco-based investment company, Passport Capital. View Regan Pritzker's professional profile on LinkedIn. Since its inception, #HalfMyDAF has inspired donors along with others who have now joined the Rishers in matching donations to move $19.2 million from donor-advised funds to nonprofits. He went on to receive a J.D. Bilek cites as an example the 2018 effort by the Pritzker-funded Ronald Reagan Medical Center at UCLA to coin the term gender-affirming care while offering medical procedures for young females who want to have their reproductive organs removed. The conversation is very exciting, with donors telling us, This is the nudge I needed, and families talking about values and what they wanted to give, says Jennifer, who delved into issues about money and family dynamics in her 2020 memoir, We Need to Talk. The former New York City mayors stalled presidential ambitions showed that money can only go so far; nevertheless, he remains a pivotal funder of left-leaning endeavors like reducing gun violence and shuttering fossil fuel plants. Our silence keeps the status quo in place and keeps us from examining our relationship with money, from holding ourselves accountable, she says, and it keeps us in a bubble unaware of our own privilege., Self-described philanthropreneur Christina Lewis has a mission: to provide not just something decent, but something excellent, to Black and Latino boys, she says, which is what they deserve.. Regan works with her family and advisors to align the Libra Foundations and her personal assets with progressive and radical values through investment, philanthropy, and political giving. Ryan is an investor and businessman who gives through the Schooner Foundation. He was also a philanthropist, bestowing millions upon, The aftermath of George Floyds murder has spurred her to more action: Lewis recently cofounded Giving Gap, formerly known as, With her siblings, Pritzker served somewhat halfheartedly on the, Her work at Libra, which seeks to shift traditional philanthropy, with its top-down management and frequently onerous reporting requirements, to a more relationship-based and community-minded endeavor, helped persuade her to start the, Kataly funds nearly 300 organizations, an eclectic list that ranges from the, Since 2017, the New York City doyenne of philanthropy has spent more than $100 million fighting mass incarceration with her, In 1977, when the citys dire financial situation led to art classes being slashed at public schools, Gund rallied her art-world friends to help create, That sense of urgency has propelled Gund, a white heiress to a banking and real-estate fortune, to become a leader in the fight for criminal-justice reform. The foundations Restorative Economies Fund invests in projects directly involving grassroots community partners. Browse the listings for your next project. All of this is based upon Agness vision of equity and inclusion and serving the communities that need us most, says Alison Scott-Williams, president of Studio in a School NYC. AES Corporation founder Roger Sant gives to support urban sustainability and women and girls rights through the Summit Foundation. When I started All Star Code, I had to explain the entire history of segregation in this country and make a link from segregation to the wealth gap to entrepreneurialism and to the business sector and to boys and girls. Gov. The daughter of late left-leaning philanthropists Herb and Marion Sandler, Susan Sandler has followed in their footsteps while also charting a course that more heavily favors racial justice movement building. The founder of eBay has a longstanding focus on global issues, such as health, education, and economic development, but also supports property rights, government transparency, and technology. A Democratic mega-donor, Stryker moves her philanthropy through the Bohemian Foundation, a Colorado-based regional grantmaker that also backs left-leaning national think tanks. The British investor and asset manager funds environmental advocacy groupsmost of them big-namethrough his Grantham Foundation for the Protection of the Environment. Keep up with trends in family philanthropy. Of the 19 people who signed the letter, one chose to remain anonymous. For Regan Pritzker, a member of one of America's wealthiest families and co-founder of the Kataly Foundation, coming to grips with those questions has been a lifelong project. Her horror prompted her to sell one of her favorite paintings, Roy Lichtensteins 1962 Masterpiece, and use $100 million from the proceeds to start the Art for Justice Fund. Since 2017, the New York City doyenne of philanthropy has spent more than $100 million fighting mass incarceration with her Art for Justice Fund, which aims to safely reduce the prison population and, like many of her efforts, incorporates art and artists in the solution. But their financial machinations did not stay private for long. Dorseys role at the helm of Twitter earns him frequent mention in the news. Photo: STILLFX/shutterstock. Join our community! The goal is to spend down (or spend out, as Pritzker prefers to say) within roughly 10 years or so. He appointed a task force to show local school districts how to strengthen protections for transgender, nonbinary, and gender nonconforming students.. Beneficiaries include environmental policy organizations. She is active in the JustTransition movement, taking leadership in moving progressive wealth holders and philanthropists to rethink their ethical framework for private investment. Rather than focus primarily on federal or state policy advocacy, Kataly has taken the road less traveled in progressive philanthropy, supporting local practitioners of community ownership and governance of resources. In 2002, Forbes reports, she sued her father and the Pritzker family and came away from it with a $500 million payout. We believe its necessary to have projects like Libra and projects like Kataly, Agbo said, in the spirit of understanding how all our foundations are part of an ecosystem. She added, We need to break the habit that philanthropy can have, that there can be only one right way.. Part of her goal, she says, is to say to philanthropists like me, people with money and race privilege: We need to be willing to critique the system that we have benefitted from in order to move forward. . A month after covid hit San Francisco, Jennifer and David Risher found themselves ensconced in their Napa Valley home, discussing how they could step up during the crisis. View People Named Regan Pritzker in California. Kathryn and James Murdoch launched the Quadrivium Foundation in 2013, endowing it with nearly $10 million in assets. Sir Fazle Hasan Abed A longtime television writer and producer, Norman Lear and wife Lyn are committed progressive activists. Gund founded non-profit production studio Aubin Pictures in 1996, according to her biography on the studio's website. At Kataly, she said, Were still developing what it looks like to have enough liquidity in the endowment investing so we can move grants at the scale we want to move them, while trying to minimize the conflict in our investing. In that context, the rough 10-year timeframe for spending down is a way for the team to stay disciplined about moving money. Identifying and contacting leading progressive philanthropists is not easy. Annual IP membership required. Subscribe to our newsletter! . Like her father Blair Hull, Megan Hull is a Democratic donor who also helps lead the Hull Family Foundation in its progressive grantmaking. Its fortune arose in the 20th centuryparticularly through the founding and expansion of the Hyatt hotel . . When we look at the past 18 months, there is a growing awareness that existing approaches to social impact are not enough, says Nicholas A. Tedesco, president and CEO of the, Following the examples of donors like MacKenzie Scott, who has given away more than $8 billion in short order with a no strings attached approach, philanthro. Three married couples also signed the letter together, as well as one person who remained anonymous. . Agnes is an extraordinary philanthropist. CHICAGO (AP) Illinois' governor signed legislation Friday to repeal a requirement that parents or guardians be notified when a minor is seeking an abortion, calling it an effort to safeguard. Daughter of billionaire liberal donor James Simons, Cappell is behind the Foundation for a Just Society. Business Insider previously reported that Hanauer is a longtime critic of America's income inequality. And that money is substantial. In addition to supporting community ownership projects directly, the Restorative Economies Fund backs complementary organizing and advocacy through groups like the Center for Economic Democracy, Restore Oakland and the Right to the City Alliance. She is wonderfully impatient. Some of the richest people in the United States support progressive causes and the number of such donors has grown in recent years amid a vast influx of wealth into philanthropy. (Regan chairs Libra's board, and her mother, Susan, serves on Kataly's board.) And so they have: In May 2020, the couple joined with GivingTuesday to launch #HalfMyDAF, offering $1 million in matching grants to donors who pledged to spend half of their DAF accounts by the following September 30. Those include funding environmental initiatives and solving America's climate crisis; fueling economic growth; and providing funding for public health care. Mindich is an asset manager and impact investor who co-founded the progressive venture philanthropy shop Propel Capital. We fund BIPOC-led movements working at the grassroots to build power in communities, support democratic rights, and to center those . A UPS heir, John Swift started the Swift Foundation in 1999. Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. Illinois Gov. It feels a little different than having a very top-down mandate with a mission thats then carried out by people slotted into very particular roles, Pritzker said. The need for generational movement funding was one reason Kataly and a group of other fundersincluding some big newcomer donors to this workjoined the Libra Foundation last year to set up the Democracy Frontlines Fund. I wanted to build on the legacy I was given. Working with her mother, she founded All Star Code and remains actively involved in students lives, exchanging direct messages and encouraging them to polish their LinkedIn pages. Shechtel is a hedge fund manager and one of three billionaires behind the publicity-shy Wellspring Philanthropic Fund, a font of liberal money. Like her sister Nancy Bagley, Nicole Bagley serves on the board of the Area Foundation, founded by their grandmother. She is chair of the investment committee of her family's foundation, the Libra Foundation, as well as a member of Edge Funders Alliance, and is a leading philanthropist in the Just Transition movement, taking leadership in moving progressive investors to rethink their ethical framework for private investment. On Tuesday, EPA Administrator Michael S. Regan announced that President Biden will appoint Shore, who has been a leading voice for water quality and management, to become EPA's regional administrator for Region 5, which covers six states, including Illinois, and 35 tribes. This familys construction company is notable for its work on both the original World Trade Center and Freedom Tower. Regan has a background in education and began working in philanthropy when she took a larger role at her familys foundation, The Libra Foundation, in 2015, and where she is now board co-president and chair of the investment committee. We were highly aware of all the money stuck in DAFs. He was an early investor in Amazon, according to his personal website. Embrey serves as President of the Embrey Family Foundation and is on numerous nonprofit boards, including that of the Democracy Alliance. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. Recently, Eric and Wendy Schmidt have taken steps in a progressive direction, including toward racial justice movement funding. Big funders are moving more money, theyre moving it at scale, and theyre moving it to Black-led and Indigenous-led groups., For Pritzker, who spent years struggling with a sense of guilt, Kataly has provided a clarity of purpose. Were at a point of inflection for philanthropy. That sense of urgency has propelled Gund, a white heiress to a banking and real-estate fortune, to become a leader in the fight for criminal-justice reform. pists are revamping their protocols. Filing Date: November 19, 2013. Fran Sussner Rodgers founded WFD Consulting, which she led for many years alongside her husband Charles. Gain access to personalized support and a network of peers. Hes a prominent supporter of LGBTQ causes as well as a major Democratic donor. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. Sagner has donated to the Movement for Black Lives. The Prtizkers money goes toward not only the creation of new surgeries and drugs, but also toward promotion of cultural and linguistic changes to prop up these new identities and induce institutions and individuals to normalize them, writes Bilek. Progressive benefactors are also adding an urgency to their spending, eschewing foundations that operate in perpetuity and creating models to spend their entire endowment in as little as 10 years. Susie Tompkins Buell founded The North Face along with her first husband Doug Tompkins. Since then, writes Bilek, the governors cousin has used the foundation to fund institutions that support radical gender ideology, including the Human Rights Campaign Foundation, the Williams Institute UCLA School of Law, the National Center for Transgender Equality, the Transgender Legal Defense and Education Fund, the American Civil Liberties Union, the Palm Military Center, and the World Professional Association of Transgender Health. Regan Pritzker is the co-founder of the Kataly Foundation and is currently serving as a board member, as well as a collaborator with the Restorative Economies Fund. The NBA legend once had a foundation, but it dissolved in the 1990s. Bowditch is a Massachusetts-based lawyer who serves on the board of trustees of the Bigelow Laboratory for Ocean Sciences, according to her biography on the Laboratory's website. She has an incredible sense of timing, says Helena Huang, project director of Art for Justice. In 2015, Forbes estimated that the Gund family had a net worth of $3.4 billion and ranked them among the 100 wealthiest families in America. The son of the famed liberal donor, Alexander Soros gives through the Alexander Soros Foundation, which gives out an annual award to activists working at the nexus of environmentalism and human rights. (Vince Talotta/Toronto Star via Getty Images). Pritzker Simmons and her mother Irene support similar causes through the IDP Foundation. Hunt, Hunt-Hendrix is an important next-gen figure in progressive donor organizing, bringing her Occupy Wall Street experience to bear as a founder of Solidaire and Way to Win. From @bjportraits The Billionaire Family Pushing Synthetic Sex Identities (SSI) Tablet Magazine https://t.co/2LR06p3ZvV, Partners for Ethical Care (@ethical_care) June 15, 2022. A Swiss entrepreneur and billionaire, Wyss funds environmental conservation in the U.S., with additional grants going out the door to progressive policy nonprofits and intermediaries like the New Venture Fund. Regan also serves as co-chair of Global Greengrants Fund, a global network of donors and activists supporting communities to protect their ways of life and our planet. Heres a look at how this new activist foundation came to be and where its going. He has long been a vocal Democrat and progressive, and backed Bernie Sanders 2016 presidential bid. San Francisco, CA 94129. Hiatt, 90, is the former president of shoe company Stride Rite, according to Bloomberg. NCFP is here to help you on every step of your philanthropic journey. Pritzker was born in Chicago on 16 October 1945, son of Jack Nicholas Pritzker (1903-1979) and Rhoda Goldberg Pritzker (1914-2007). Facebook co-founder Dustin Moskovitz and his wife Cari Tuna have pledged to give away their entire fortune during their lifetime. Since its inception, #HalfMyDAF has inspired donors along with others who have now joined the Rishers in matching donations to move $19.2 million from donor-advised funds to nonprofits. This, And so they have: In May 2020, the couple joined with. The Chorus Foundation founder has harnessed an inherited fortune to back bottom-up progressive power-building with an emphasis on environmental justice and structural change. The Bay Area real estate billionaires (and their children) are familiar faces in the regional philanthropy scene. Jennifer Pritzker, (right), shown here with Brenda Cossman, director of Bonham Centre for Sexual Diversity Studies at University of Toronto, is a biological male who uses philanthropic donations of push radical transgender ideology. Regan Pritzker is the daughter of Nicholas J. Pritzker, who had been CEO and chairman of the board of Hyatt Hotels Development Corporation. Silberstein founded library technology company Innovative Interfaces, according to Ballotpedia. They've set their sights on a variety of causes, most notably the environment. Following husband Steve Jobs death, Laurene Powell Jobs has pursued interests in education, immigration and the environment via the Emerson Collective. The hotel heiress Regan Pritzker and her husband, Chris Olin, created the Kataly Foundation in 2018 with $445 million in assets. When you look at the crises in aggregate, what were seeing is an inability to recover. as well as other partner offers and accept our, Phillip Faraone/Getty Images for Refinery29, The signatories support the wealth tax for six reasons, according to the, real-estate developer. That trend, operating alongside wealth inequality unparalleled in living memory, has generated speculation about a new golden age of philanthropyin numerical termsbefitting what weve called a new Gilded Age. Restorative economies is where many of Agbo and Pritzkers critiques of extractive capital bear fruit. Rosenstein also helped develop Google Drive, GChat and Facebook pages, according to his LinkedIn profile. Advocacy money flows through NextGen America (formerly NextGen Climate). Interests include climate change mitigation and clean energy. A longstanding pattern in philanthropy holds that as vast generational wealth passes from parent to child, attitudes toward giving often liberalize as heirs reckon with unearned fortunes. The environmental justice grants also include several efforts specifically oriented toward COVID-19 relief, to which the foundation has dedicated over $7 million in rapid response funding. Karen Pritzker Age: 53 Primary residence: Connecticut Married, four children Occupation: Philanthropist Activities: A former editor at Working Mother and McCall's magazines, she is a co-founder. The 59-year-old heiress has criticized the salary of Disney CEO Bob Iger and defended Meryl Streep after she called Walt Disney a "bigot", according to CNN Business. These givers have acquired their fortunesin different ways, including finance, tech,inheritance, and divorce or widowhood. Family photo The sadness still shows in J.B. Pritzker's eyes when he talks about his mother Sue the woman the governor credits with instilling his early interest in abortion rights and progressive activism. So many of these grantees have been in a place where theyre only able to advance what the world tells them is politically feasible, Agbo said. Kataly is an up-and-coming progressive grantmaker founded by Regan Pritzker, whose parents Nicholas and Susan Pritzker give through the movement-oriented Libra Foundation. Rosenstein, 36, is the cofounder of workplace collaboration software Asana. Crucially, Agbo notes, Katalys program directors come out of direct lived and movement-building experience, which helps them build trust. With her siblings, Pritzker served somewhat halfheartedly on the Libra Foundation, a social-justice family foundation started by her parents, but became more enthusiastic when she confronted her qualms. Business Insider's Rich Feloni previously reported that Hanauer has said he's not a billionaire, but that, as both he and his wife have signed The Giving Pledge, their combined net worth at least approaches the $1 billion threshold. But a first step to approaching these donors is to know who they are. The son and daughter-in-law of the legendary investor, these Buffetts founded the NoVo Foundation, which funds womens rights and anti-violence efforts across the globe. The eBay billionaire has largely focused his strategy on investing in social entrepreneurs, but also engages in grantmaking on a wide array of global issues. In terms of process and ideology, Libras grantmaking is already pretty progressive. It was such a fun business, but I saw no Black or Latino people participating in the core of that, she says. This scion of the Walton family co-founded Wend, a social impact fund that has gotten behind progressive causes like Black-led organizing. Shes also the donor behind the Art for Justice Fund. And that money is substantial. All Star Code has broken this ground with tech and media companies, Lewis says, and has inspired AT&T, JPMorgan Chase, Goldman Sachs and other major corporations to contribute by serving as sites for the courses and helping with college-search and job-placement efforts. Sandler is a trustee of the Sandler Foundation, founded by his late parents Herb and Marion. Based in Dallas, Texas, Embrey supports human rights work, with a focus on women. The Klarmans fund social justice and Jewish causes in Boston and throughout the U.S., as well as internationally. Kataly was created at the end of 2018 with $445 million in assets, a sum that Pritzker indicated represents only a part of her wealth. The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States of America (staying in the top 10 of Forbes magazine's "America's Richest Families" list since the magazine began such listings in 1982).
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